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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Bullboard Posts
Post by RollinInDoughon Sep 20, 2019 11:07am
192 Views
Post# 30147813

another 6 months for liftoff...

another 6 months for liftoff...just nothin coming... next qtr will be flat with maybe a pop up in oil rev... a couple mill extra... but they seem slow to re-activate.  And then it can take a qtr, maybe two, to turn wells into production... maybe the timing means 6 even 9 months to see the potential coming here.  Low cost... but again, I always worry about the reclamation and this one is high... and it doesn't look like they are doing the $3mill this year they once said they would do... again, these liability numbers mean a lot after the Redwater decision... focus now on what companies can exist while having to pay for reclamations... and how much, how many wells... where are those welss... what kinda lease size did you disturb and the worst, what storage did you have on lease  which might need soil samples... for years, decades that tank sat being filled and drained... by some lug head trucker.
Bullboard Posts